The Latest On The Carried Interest Fairness Act

Law360, New York (April 25, 2012, 12:34 PM EDT) -- On Feb. 14, 2012, Rep. Sander M. Levin, D-Mich., again introduced legislation (H.R. 4016) to tax income from carried interests at ordinary rates.

Taxing Carried Interests

We have previously reported on the proposals of Congress to tax partnership income related to a carried interest as ordinary income from the performance of services, and certain proposals by New York State and New York City to subject such income to New York State tax and the New York City unincorporated business tax (see our April 8, 2009, Tax...
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